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A 4% Surcharge for Using a Credit Card Now Legal

submitted on January 25, 2013 by jack69darin in "Member's Lounge"
As of Sunday, merchants can begin charging you the consumer the fee they are charged by the processing companies. Maximum is 4%, but that can be a lot. Forewarned is forearmed, so pay attention when you go in a store.

And they can add the charge later, after you have left their store.

There are some states where this will not be happening

Ultimately, though, consumer awareness will be the strongest deterrent against widespread credit card surcharges. Stores have to let you know if they’re going to add a surcharge with a sign on the door (although they don’t have to tell you how much it is until “point of sale,” when you’re already at the cash register). And today’s retail landscape is hyper-competitive, so many stores will be hesitant to risk alienating customers by charging extra for using plastic.

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  • 167724
    Posted by HouTex on January 25, 2013 [reply] 0 0
    I kept reading and saw this before I lost my temper -
    But take a deep breath. You can avoid the fee by using a debit card, for one thing.
    And there are laws prohibiting these surcharges in 10 states: California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas.

    Thank goodness I live in Texas....
    Mainly I don't like the idea that they could change the amount of the sale after you've left the store.
  • 167725
    11 2 1
    Posted by jack69darin on January 25, 2013
    [reply] 1 0
    Me either HouTex , and I don't understand. If I sign my credit card receipt at the receipt and say it's $10.00 , and then they charge after I leave the store , and it shows up say $10.40 on my credit card bill, wouldn't my signed receipt trump that charge, Confused
  • 167726
    11 2 1
    Posted by jack69darin on January 25, 2013 [reply] 0 0
    *at the store
  • 167727
    Posted by HouTex on January 25, 2013 [reply] 0 0
    I would imagine the consumer protest against this would have the same effect as on the banking fees, and they will back down. This is a bigger problem for small merchants who pay a higher processing fee than the big stores do. On credit card transactions it's a percentage of the transaction amount (based on the store's average ticket amount), while the debit card fee is a much lower flat fee per transaction.
  • 167832
    Posted by JackBauer on January 27, 2013
    [reply] 1 0
    Thanks for the info other Jack Smile
  • 167837
    12 8 1
    Posted by Goofy_Girl on January 27, 2013 [reply] 0 0
    Yeah, I was reading about this on MSN yesterday. At first I didn't think much of it because I rarely ever use a "credit" card.

    But then I thought, what if I wanted to take advantage of some of the card's perks, especially on a very large purchase?

    Then I read further and it said something about charging a higher percentage for cards with more perks.

    That p*ssed me off. Mad

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